Govt promises to make RGESS more attractive
“We cannot have multiple KYC norms for intermediaries and participants who are under one regulator, and worse, to have different set of norms for different regulators... That puts off the investor,” Chidambaram said.
He also expressed surprise that if one has a bank account, then why can’t one open a demat account straight away. “Life must be made simple, and we must be able to sell (to) the investors that by participating in the capital market, investing in financial instruments, investing in capital markets is good for the savers in the long run, good for the system and good for the country,” he added.
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